Archive for March, 2010

  • Merriweather Post Pavilion Comes to Ticketfly

    Posted by admin on March 21st, 2010

    The good news just keeps coming in! We’re thrilled to announce that Merriweather Post Pavilion will be using Ticketfly for all their ticketing needs! We’ve been happily working with I.M.P., the folks who run Merriweather and 9:30 Club, for the last few months and we’re excited to take this next step with them.

    Tickets for shows at Merriweather Post Pavilion will go on sale starting February 26 on ticketfly.com!

    Read below for full details courtesy of the Baltimore Sun:

    Merriweather drops Ticketmaster, signs with Ticketfly

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    Severing its final ties with the recently merged Ticketmaster/Live Nation conglomerate, Merriweather Post Pavilion operator I.M.P. has signed with independent ticket distributor and marketer Ticketfly, officials announced today.

    Starting this season, Ticketfly will handle all of the Columbia amphitheater’s ticket sales, according to I.M.P. chairman Seth Hurwitz. Hurwitz, an outspoken opponent of Live Nation, began using Ticketfly for shows at the 9:30 Club, which I.M.P. also runs, near the end of last year.

    “This is obviously a major venue for (Ticketfly), but we’ve had a great time with them,” Hurwitz said. “They seem to be able to handle anything.”

    Through Ticketfly, customers will not have to pay a fee to print tickets at home, and service charges will drop as much as 30 percent, Hurwitz said. …

    The first two shows offered through Ticketfly, My Morning Jacket’s May 1 performance and the May 16 Sugarland concert, will go on sale at 10 a.m. Feb. 26.

    “I know people hate service charges, but they’re a fact of life,” Hurwitz said. “We wanted to get them as low as we could.”

    Last year, Hurwitz filed suit against Live Nation, claiming the company acquired a monopoly on the national touring market and used its leverage to “entice and coerce artists to appear only at amphitheatres and other venues it owns, operates or at which it controls the booking.” The lawsuit is pending.

    “We’re like the Goldman family in the O.J. trial,” Hurwitz said. “The government didn’t help, so we’re taking matters into our own hands.”

    Ticketfly was launched by the co-founder of pionering online ticketing company TicketWeb, and uses social media to help promote its shows. It currently sells tickets for the Knitting Factory, Bimbo’s 365 Club in San Francisco, Brooklyn Bowl in New York and Troubadour in Los Angeles.

    Merriweather’s contract with Ticketmaster expired in 2008, and I.M.P. was using Ticketmaster at will since then, Hurwitz said. He hopes his decision will prompt other independent venue owners to sign with smaller ticket sellers such as Ticketfly.

    “Hopefully this move will demonstrate to people it’s possible to have a choice,” he said. “We wanted to make that choice — rather than sitting around whining about it.”

    (Baltimore Sun photo of Merriweather by Christopher T. Assaf)

    Posted by Sam Sessa at 2:00 PM

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  • Ticketfly + Billions = SXSW Day Party!

    Posted by admin on March 21st, 2010

    Exciting times! We are super stoked to present, along with The Billions Corporation: Fat, Crooked, Unwound – a SXSW day party on Thursday, March 18th at The Mohawk in Austin, TX.

    This FREE day party will feature the musical stylings of  Sharon Jones & The Dap-Kings, The Black Angels, Bowerbirds, Generationals, Bear in Heaven, The Cave Singers, Oh No Ono, Avi Buffalo, The Dutchess and the Duke, and Cate Le Bon playing live from noon to 6:00 pm. See full schedule of artist set times below:

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    12:00 – 12:30pm: Cate Le Bon
    12:30 – 1:10 p.m.: Bear In Heaven
    1:10 – 1:40 p.m.: The Cave Singers
    1:40 – 2:20 p.m.: Bowerbirds
    2:20 – 2:50 p.m.: Generationals
    2:50 – 3:30 p.m.: Sharon Jones & the Dap-Kings
    3:30 – 4:00 p.m.: Oh No Ono
    4:00 – 4:40 p.m.: The Dutchess and the Duke
    4:40 – 5:10 p.m.: Avi Buffalo
    5:10 – 5:50 p.m.: The Black Angels

    We would like to thank Billions for its partnership, as well as Independence Brewing Company, Louie Mueller Barbecue, and CHIRP Radio for their sponsorship of this event! And don’t forget to check out the Billions official SXSW showcases too. Can’t wait to see you there!

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  • Momentum Monday on Stocktwits TV … and The Business of Transparency

    Posted by admin on March 21st, 2010

    I just got back from Arizona and if you are in the real estate business, things are bleak. The tenants have all the power. Unfortunately, the tenants have NO money. Unfortunately, the landlords have too many buildings. I would not bet against the west, but much time will be needed to get the supply and balance in line.

    At the stock market level, I am seeing many setups. I had my friend Joe Fahmy on the show and today we reviewed $vprt $cmg $swks $clne $ge $caas and a few more leaders.

    We also chatted about the business of managing money through Schwab Managed accounts. I have not given up on the business of hedge funds, but for us non-institutional guys, I am strongly in favor of picking a style and setting up client accounts in this format.

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  • The Brickyard – Great Ideas Can Win… Even in Shitty Markets

    Posted by admin on March 21st, 2010

    If your best friend asked for money to start a retailer in late 2009, you would flick him in the eye. Than you would laugh at him. That is the environment we are in, yet the reatil index $XRT is humming right along like it’s 2006.

    How dumb is it to have an indoor batting cage in industrial San Diego when it is 70 degrees and sunny everyday. I found out yesterday that it’s insanely smart.

    My son Max loves baseball. He is getting good pretty fast. It is really fun to watch. His team went to practice at a batting cage last week and he could not stop raving about it, so I took him yesterday and got blown away.

    I mean how simple is an indoor batting cage that has great equipment, working candy vending machines and baseball fanatics running the joint. After 20 minutes and $20 (it seems very high but you could not get a spot on a Tuesday), I was asking about franchise opportunities.

    We need a lot more creative and simple ideas like The Brickyard to fix commercial real estate and get people to spend money, but while you are busy hiding out and laughing at investors, great ideas are hatching and good businesses are being launched.

    That is the America I am hoping to see more of.

    Pep talk over.

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  • The StockTwits Ecosystem at Work

    Posted by admin on March 21st, 2010

    The StockTwits Ecosystem is growing and becoming more powerful.  Through our main sites: StockTwits, StockTwits.tv, Chart.ly, and Abnormal Returns we have been building an ecosystem of products to bring timely market information and foster collaboration and  idea generation amongst investors and traders.
    This week, we got to see the beauty of the ecosystem revealed around [...]

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  • Basically….It’s Over!

    Posted by admin on March 21st, 2010

    Such a great title for an article in Slate by the uber smart Charlie Munger . The juicy ending:

    Basicland’s investment and commercial bankers were hostile to change. Like the objecting economists, the bankers wanted change exactly opposite to change wanted by the Good Father. Such bankers provided constructive services to Basicland. But they had only moderate earnings, which they deeply resented because Basicland’s casinos—which provided no such constructive services—reported immoderate earnings from their bucket-shop systems. Moreover, foreign investment bankers had also reported immoderate earnings after building their own bucket-shop systems—and carefully obscuring this fact with ingenious twaddle, including claims that rational risk-management systems were in place, supervised by perfect regulators. Naturally, the ambitious Basicland bankers desired to prosper like the foreign bankers. And so they came to believe that the Good Father lacked any understanding of important and eternal causes of human progress that the bankers were trying to serve by creating more bucket shops in Basicland.

    Of course, the most effective political opposition to change came from the gambling casinos themselves. This was not surprising, as at least one casino was located in each legislative district. The casinos resented being compared with cancer when they saw themselves as part of a long-established industry that provided harmless pleasure while improving the thinking skills of its customers.

    As it worked out, the politicians ignored the Good Father one more time, and the Basicland banks were allowed to open bucket shops and to finance the purchase and carry of real securities with extreme financial leverage. A couple of economic messes followed, during which every constituency tried to avoid hardship by deflecting it to others. Much counterproductive governmental action was taken, and the country’s credit was reduced to tatters. Basicland is now under new management, using a new governmental system. It also has a new nickname: Sorrowland.

    Unfortunately, it won’t be widely read and understood.

    My pal Cole from Blackstar Funds , a grumpy optimist, who passed me the link had this to say to my reply ‘Maybe, but we have baseball’:

    True, but the process of a cancerous death is painful and ugly. It’s a warning story about the choices and priorities of today and how they will effect us going forward. Unleash the human capital and innovation of America to solve the energy problem and fix the massive inefficiency of the government and you can buy us another 200 years, keep the status quo and we croak in 50. The country was badly in need of a bitch slap to get our priorities back in line and stop with the casino sector (finance) nonsense , it’s back to basics, hard work, innovation, production of useful things and lowered expectations.

    He is way too young to be that grumpy and mostly right.

    Please chime in politely….

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  • The Economy is Sick…BUT Stocks are Not.

    Posted by admin on March 21st, 2010

    I was out with my pal Tom in downtown San Diego last night and oh boy the city is sick.  You could fire off a cannon in most of the restaurants and only hurt your ears.  In a city with great weather and beautiful people, that should not be.  It is massively overbuilt.  I truly have no idea how it can be fixed.  It will just take time.

    The stock market does not care right now.  The beautiful thing about stocks is that they are forward looking.  Sometimes waaaaaay forward.

    Stocks still feel underowned.  Forgetting about broken stocks for the moment as I do not fish in that pond, there is a thickness of trending stocks and stocks on the verge of greatness.

    I don’t trust the financials or government at all, so leverage is out of the question, but you should be out there mixing it up right now.

    If only I had more time and money.

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  • What’s Hot: Intuit INTU

    Posted by admin on March 21st, 2010

    It seems like Intuit $INTU is really becoming a monopoly of your financial data.  There are no contenders and with the acquisition of Mint.com, even the cool kids are on board.

    Very impressive how Quicken has completely dominated the personal finance software space and beat or bought everyone.

    Bill Gates was right in trying to buy them way back when.  I am eyeing this great company now.

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  • Go Ticketfly….Inventory and The Web is Always a Good Opportunity

    Posted by admin on March 21st, 2010

    The team at Ticketfly.com has been killing it since they started but starting to get some real recognition.

    My fund and Social Leverage have been backers from the beginning as disclosure.

    I have had good success with early investments surrounding inventory and the web, first by no skills of my own (Rent.com ), than by learning from that success Golfnow.com (purchased by Comcast), Limos.com and now Ticketfly.com.

    In their own words, Ticketfly is ‘a next-generation ticketing and marketing company from the first folks to sell event tickets online‘.

    They have not been at it too long on this go around, but were just named a ‘Top 10 Innovative Music Company ‘ by Fast Company and have been landing big accounts .

    Andrew and Dan believed there would be huge fallout from the Ticketmaster/Live Nation conglomerate and it is happening. Good on them.

    There is fallout everywhere from the conglomerate mergers and web startups everywhere are feasting.

    There are pilot fish and Great White Sharks in the ocean and if you know where you sit in the food chain, you can survive and thrive.

    Now go swim.

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  • Apple is a Store – OWNED by Smart People – WITH RULES

    Posted by admin on March 21st, 2010

    I don’t own $aapl the stock for the moment, but my kids do.

    There is a new brouhaha about the store rejecting certain apps. Thank Goodness.

    Maybe because I don’t think I will ever need them. Maybe because I am glad Apple has some rules for their store. Stocktwits has some ‘House Rules’ as well .

    Apple is not owned by the government. Stop with the First Amendment nonsense. From this ban, it seems they don’t want apps that really do nothing .

    I heard of a consortium set up by Verizon, T, Microsoft and your Mumma, started in Spain this week, that will compete with Apple. Go support them. They will support boobies. Go back to using your Nokia and StarTec.

    Better yet, just wait for your Droid phone and that ‘open’ flesh accepting borg called Google.

    Or, get a job, because there are plenty of people ahead of you in line with who will kick your ass while you are whining about this .

    This conversation is nonsense and I hope you have a great day talking about anything but this.

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